Japan Is Caught Between the US, China and the War on Inflation

Trumponomics · Dec 8, 2022 · 41m · transcript

As the rest of the world raises interest rates to battle inflation, Japan curiously is clinging to low rates to raise wages and finally move past its long battle with deflation. But as Tokyo tries to hold the line, the fastest inflation in decades is spooking a country unaccustomed to it. And the “decoupling” of the US and China, along with Russia’s war on Ukraine, are also raising tough questions for a historically pacifist nation whose biggest export market is governed by Beijing, but whose national security has long depended on Washington.

This week, we devote our entire Stephanomics…